Two NYSE Seats Sell for $4 Million

CBOE Membership Sells for Record Price

Dow Jones Newswires

Updated Dec. 5, 2005 4:34 p.m. ET

A second New York Stock Exchange membership, or "seat," sold for $4 million Monday, matching the record price set Thursday.

Seats on the 213-year-old stock exchange confer both trading rights and ownership. The latest in a recent string of record-setting seat sales comes a day before results are announced by the Big Board on its plan to merge with Archipelago Holdings Inc. and convert into a publicly traded business called...